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Hunt Refi’s Senior Living Facilities in Texas
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New York-based Hunt Mortgage Group provided $27.6-million to refinance eight skilled nursing facilities located throughout Texas. The borrower is Senior Living Properties, LLC, an owner-operator of 31 skilled nursing facilities in Texas.
The properties include 841 licensed nursing home beds that are critical to seniors in their communities. The financing was arranged through the HUD LEAN program.
Hunt Mortgage Group’s Jim Neil says, “Senior Living Properties came under new management in 2014, and the new leadership team has completed one of the best turn-arounds that I have ever seen, both operationally and clinically. The HUD office in Fort Worth informed us that this is the largest number of LEAN transactions that they have ever closed in a single day.”
Proceeds from the new loans will enable Senior Living Properties to refinance a temporary loan to permanent fixed rated loans, and provide funds for repairs and improvements.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing